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the fiscal cliff would be bad for the economy. it would rattle the markets. it could hurt economic growth, hurt job creation. i think they're making this macho statement, but i think that privately there are quite concerned about it. nancy pelosi last week
to the new rules about to hit our already fragile economy and as fiscal cliff talks continue, big defense cuts are still on the table. so, should republicans embrace the sequester or make a deal to avoid it? welcome to the journal, editorial report. is the obamacare a sure thing or vast expansion of medicaid, heavily dependent on state implementation and a growing number of the governors are saying they won't do the federal government's bidding. wisconsin's scott walker is one of them and joins me now, governor, great to have you with us. >> paul, good to be with you. >> paul: when you wrote to the hhs secretary kathleen sebelius, you wouldn't set up a state exchange you wouldn't have the flexibility to make it work. why don't you elaborate on what you mean by lack of flexibility. >> each of the governors who run it, a state run, partnership or referring to the federal government. any folks that have a state run exchange they need to realize in the end there is no flexibility in terms of final outcome, there is no substantive difference between the three option, all of them lead to a fede
.s. economy. during the holiday-shortened week the markets moved in tandem for the fiscal cliff. up more midweek. the markets continued to climb on friday. stunning accusations that one of america's iconic companies hewlett-packard which acquired autonomy last year for $11 billion is accusing autonomy of what it called serious improprieties in its bookkeeping and inflating its own value. meg witman says the company lied about how much it was worth. >> we believe there's a willful effort on the part of certain members of autonomy management to mislead shareholders when they were a publicly held companies and mislead buyers including hp and we stand by the forensic review we have seen. as you know, we have turned it over to the fcc. >> we are shocked. we have been pretty ambushed by this today. first we heard about it was a press release and we refute them. they are factually incorrect. we'd like to learn more about them. i'm afraid the details haven't been shared with us. >> reporter: autonomy ceo said the company followed normal accounting practices. hp took an $8.8 billion charge this q
on the margin. >> one i think i think it's not just for the fiscal cliff, but if our economy is going to need mobilization to get more jobs here, fewer exports abroad, then you've got to have some c.e.o.s come in, like f.d.r. did. f.d.r. brought in the head of chrysler and sears and roebuck. he had two top republicans in his cabinet, and i know c.e.o.s don't like to come to government because they have to give out all the stuff they have, those taxes. those are the people i think that want to help their country. the country has been so good to them. arlet them try to figure out how to get our country moving again. >> and i think obama has to realize the moment. for a re-elected president there is so much good will out there, even among his opponents. now, we had an election which i think was decided but not decisive. there were, what, 57 million people who voted for romney. and there is a way that obama can kind of step forward and say, "these are the ideas. this is the method we're going to do this." he can-- i mean, you know, you talk to this man-- i mean, you don't get to talk to the peopl
the brickings. >> do you tnk it is bad for the economy over all. we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the econom they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strikend it crippledhe economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these uon heads go forward. this could hurt t economy. >> tracey, you made the point about the retailers, it could hurt the consumer spending as well the economy needs that right now. and economist looking to the holiday shopping season to get big numbers out. >> cheril, i am a last minute shopper and i disagree that they have everything in for the season. stuff comes in down to the wire in so many small businesses if you don't have what i am looking for when i generally geout there, i am not buying it that hurts the over all economy. and look. at the unionshat are you doing? people are dying for
on the verge of a second obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll here from representative gregory meeks this morning as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore iypÑarlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to start there. we have "new york tim
shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever online shopping could exceed 10% of all holiday spending. the folks who track these things tell us that amazon was the most visited retail site of all over the holiday weekend, but what happens after your click your mouse and make a purchase. we got an inside look at one of amazon's largest hubs in the u.s. >> reporter: from the moment you check out at the process begins. your item is picked, sorted, packed and shipped. this is what the holidays look like here at amazon. to give you some perspective this is one of 40 across the country packed with thousands of items in time for the holiday rush. they're going
of a fiscal cliff. and things are looking up in this economy, particularly when you look at the energy sector in the united states. a new report from the international energy agency predicts that the u.s. will become the world's largest oil producer by 2017, temporarily surpassing sawed a rab ya. the same report projects the u.s. will be nearly energy efficient by 2030. these are the terms you heard in the campaign talking about lower energy independence. that includes canada and mexico which are big oil producers. but all of this business was something unthinkable not too long ago. there is an oil shale boom in the united states. new drilling efforts are deri deriving growth and creating jobs. that number is expected to grow to nearly 2.5 million jobs in the next three years. could reach 3.5 million jobs in 2035. it's because of a job called fracking. hydraulic fracturing is the full name. is involves pumping sand and chemicals into the ground at high pressure to crack rocks open. there's gas in them rocks. it's a costly process. there are environmental concerns. some people say they even ca
than half saying the uncertainty around the fiscal cliff will impact their spending and job creators are cutting back on spending and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades e air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journa the fiscal cliff, fiscal cliff, it could be the-- i don't know intimidation factor, it could actually be worse than going over the cliff. >> i think that's a brilliant point, charles. if we went over the cliff for a few months the impact would not be enormous, and uncertainty is a bad word and fear is a really, really bad words and these are the wor
an economy killer and market bust. why are you so he enamored of fiscal cliff? >> i don't think that $3,500 hit to the average family is going to happen. i think there will be a deal struck here, each side is going to have to give a little bit. my take on the fiscal cliff is the notion that i definitely in everybody's had affecting holiday spending but becoming its don't issue. we are blowing it up -- is like the debt ceiling talks we had last year. these all became issues because we made some issues. net net is no good long-term efcts for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make money they borrow on the short end meaning they borrow at the low end of interest rates and blended out
to the wire the fiscal cliff story will receive 1/10 theed my ya attention as the scandalous saga of dave and paula and john and jill. joining us now here the washington is jane hall. bob cusack, managing editor of the capital nooup the hill. and amy argetsinger. why has it become synonymous with bore dom? >> well, there's no sex with it. that's the bottom line. this story is wild. the petraeus story has gone in a lot of different directions. first he resigns. then we find out why. then we find out about the other woman. the inappropriate e-mails. >> you're saying that barack obama meeting with john boehner and mitch mcconnell doesn't quite get readers as excited? >> not as titillating. >> this is what the election was fought over and yet i have the impression that a lot of the country is yawning but really many of the journalists covering the story are oning. >> there's a story about low how the mighty are falling. privacy, security, while covering the sex. >> are you suggesting that the bigger issues are actually a bit of a shall we say figure lea le? there are bigger issues there but t
the fiscal cliff. we are in the midst of a wide range of discussions about what the economy is going to look like going forward and what kind of changes need to be made. i want to call for an elimination to the ceiling for tax deductions on student loans. as you know, there is a limit on what one person can earn and still deduct the interest on their student loan payments. let's reward people who have taken the time to invest in themselves and say, once you have a vested up to a certain number, you can no longer give that deduction. going to glad to school and medical school is more expensive and we need to encourage people to take on graduate school and not use money as a barrier to keep them out. i will close if there. thank you. >> i may have to talk to you about that. that is an interesting idea you had at the end. >> i look forward to hearing about it today on msnbc. >> let's not push it. >> we go to these things all the time where education is important and children all -- children are our future, yet every time there is a budget crunch, education always gets the ax. can you explain wh
, clayton, falling off the fiscal cliff would put the u.s. economy right back in recession and drive the jobless rate up to 9.1% by the end of next year according to the congressional budget office. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table. for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. but, just because speaker boehner says he backs new revenue doesn't mean we should expect him to suddenly support a big tax increase for the wealthiest americans. >> president obama wants to let the bush era tax cuts expire, so, the top marginal tax rate would rise from 35% to 39.6% and that's going to be a major sticking point in the next month or so, but a month might be all
a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement, otherwise, i think first of all the markets are going to start reacting. >> it's not a done deal and it's not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across the board cuts lawmakers say should concern everyone. >> you should be worried, we all ought to be worried whether we are dependent upon other aspects of the federal budget, whether we're worried about the the regulation of food safety, about our borders being secured, about the fbi being supported. >> reporter: democrats and the president want to raise tax rates for the wealthy. republicans don't. though more are now breaking with anti-tax crusader grover nor quist, who got a majority of republican lawmakers to pledge not to support any effort to raise taxes
. if they start to save and people aren't spending when we need them to spend, so going over the fiscal cliff without a barrel, it would be a disaster and people that talk about we could do it and it wouldn't be a bad idea, it would be a terrible idea and we would be back in recession, consumers wouldn't spend. big mistake. >> chris: we have less than a minute left. if we get a deal and it's a solid deal, how much of a boost would it be to the markets? how much pentup demand? how much would you capital that's been sitting on the sidelines? i'm asking what's the upside here? >> i think there's cash sitting on the sideline. we've seen increase in flows into the money market funds so you assume there's cash waiting to be be employed -- deployed. we want to have you make sure your burn doesn't exceed your earn. make sure whatever you earn out of your portfolio or paycheck doesn't exceed your capacity to earn. >> chris: we have to leave it there. mr. sweeney, mr. shay, thank you both. thanks for talking with us this holiday week and maybe our leaders will give us a christmas present and pull us ba
of the drama around the fiscal cliff to be really, a total lack of faith? heresy in front of the growth model demonstrate as you point out, over the past two years, they are really saying, this economy can't grow fast enough to support the government. we won't see revenue increase unless we raise taxes. >> that is absolutely correct. but, of course, the perverse thing is you don't get growth if you raise tax rates. and, california and several to the ates, the top rate is approaching 50%, effectively with a 50% top rate. and, business has as much incentive to fire somebody, to lower costs, as to hire somebody to increase revenues. >> lou: we have a contemporaneous pareexperiment g on, in california bringing tax levels above 50%, the nation, right now, getting ready to move higher are we going to see california behave that's cas th in the coal mine, if you will when it comes to economic growth and the ability to support an ever-growing government. >> yes, people are fleeing california. california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welf
to business, we will go back to the fiscal cliff discussion over and over again. unless we can get our economy really moving and growing in the long run, these will just occur over and over again. we identified eight areas, as you mentioned, where we find there is broad consensus where we believe these things would really move the needle in a reasonable time frame, two, three, four years. there is some real bipartisan support. the first is the need of a sustainable budget compromise. that is widely accepted by all. two, easing on highly skilled immigration now. yes, when a broader immigration reform, but this is one of the abilities to really move rapidly to inject skills and to the economy and fill jobs badly need to be filled to sustain our growth. it is not a long-term solution and there, but it is a critical step we can take now that would really move the needle. we have to realize a corporate tax cut. everyone agrees. we just did a survey including members of the general public, business leaders with the general public. 70% of the general public believes that we need to simplify the corpo
Search Results 0 to 23 of about 24 (some duplicates have been removed)